Burr Ridge, IL

Population

Burr Ridge has a population of 10,753 people,
according to the Census data for 2016. Compared to 2010, this number has
increased by 194 people (1.8%), so we
can confidently say that the dynamics of
the population
growth are positive. If you compare the rate of population growth with the nearest cities, such
as Worth or Lyons, you will find that these cities
have a
population growth of 40 and a decline of 61 people, respectively (0.4%
and -0.6% correspondingly)

Race and Ethnicity

Median Household Income

The Burr Ridge median household income is $115,260 (according to the US Census Bureau records for 2016 ).
A household income is one of the easiest to understand statistical indicators that is used to evaluate the economy of the city.
Simply put, it is calculated by summarizing incomes of all adult members of the household.
In comparison with the data for year 2010, this figure has decreased by $17928 (13.5%).
Compared with the neighboring cities, the median household income in Burr Ridge is lower than in Oak Brook ($132,778),
but greater than in Frankfort ($111,152).
The median household income in Illinois is $57,574 (50% lower than in Burr Ridge)

Median Property Value

The median property value in Burr Ridge is $647,600 (based on US Census Bureau data
for 2016).
This means that half of the houses in the city are more expensive than this figure, and half of other houses are less.
In 2010, the property value was estimated at $684,800 (making a decrease of $37,200 or 5.4% in 6 years).
Here is what the housing market looks like in nearby cities: median property price in Oak Brook is
$809,500, in River Forest — $556,400.
Median property value in Illinois is $173,800

Poverty Rate

A poverty rate is one of the key economic indicators. It shows the proportion of the population whose income
is less than the poverty line in the area. The lower the number is, the more prosperous the life of society is.
The current poverty rate in Burr Ridge is 5.7%. In the neighboring cities,
this figure is as follows: in Berkeley, 5.9% of the
population live below the poverty line, in Lombard — 5.3%.
The poverty rate in Illinois is 10.48%. Based on such indicators as the poverty rate, we assume that
life in Burr Ridge is slightly better than the average for the state.

Median Gross Rent

The median gross rent in Burr Ridge is $1,824 a month (as of 2016).
In 2010, this figure was lower — $1,574/mo
(-15.9%).
Please note, gross rent may include not only the rent payments, but also utility bills and some other building costs.
The median gross rent in the state of Illinois is lower at
$907 per month (again, data for 2016).
The following median gross rent was registered in the neighboring cities: renters in Oak Brook pay
$1,897/mo, in Frankfort — $1,808/mo.

Rent Burden

The rent burden in Burr Ridge is 25.6% (2016).
Rent burden shows what proportion of the household income is spent on rental housing. This data is useful in estimating
the housing affordability in the city. Rent burden in Burr Ridge is lower than in the state of Illinois,
where the rent burden is 30.3%. In neighboring cities, the situation is as follows:
rent burden is 25.6% in River Forest,
and in Oakbrook Terrace — 25.4%.

Share of Renter-Occupied Housing

9.5% of housing units in Burr Ridge are occupied by renters (2016).
A housing unit means a house, an apartment, a mobile home, a room or any other structure that is used for habitation.
In 2010, the share of renter-occupied housing units was lower — 7.9%.
It seems that now more people live in rented houses in Burr Ridge than before.
Neighboring cities have the following shares of renter-occupied housing units: Westchester (9.7%), Mokena (7.7%).

Renter Occupied Households

There are 355 renter occupied households in Burr Ridge (2016).
This is just a rough estimation based on Census and ESRI demographic data. Since 2015, the number of such type of households has
increased by 2% (355 households
in 2016 vs. 347 in 2015).
Nearby cities have the following renter-occupied housing unit numbers: there are 362 households in Western Springs, 322 units in Merrionette Park.

Evictions

There were 2 evictions reported
in Burr Ridge in 2016.
Here are how many evictions were made in nearby cities in 2016 : 2 evictions from housing were made in Palos Park, 2 in Indian Head Park.
Reasons for evictions can be different-code violations, violations of the terms of the lease, etc. But often the main reason is the failure to pay the rent on time. That is why a large
number of evictions (especially when there is a tendency to increase this number) may indicate a deterioration of the economy.

Eviction Filings

The total number of eviction cases that were registered in the Burr Ridge in 2016 is 9.85.
Please note that some addresses may have multiple eviction cases during the year. Compared to the neighboring cities, Burr Ridge has less eviction cases than Willow Springs
(11.39 filings in 2016),
more eviction cases than Oak Brook
(9.71 filings).

745 McClintock Drive Ten companies were registered at this address, including Webster College INC, Diverse Facility Solutions INC. Locke J Michael is associated with this address. Three names, including Ford Motor Credit Company, Ford Motor Credit Company linked to this address via UCC filings. This address was listed as a mailing address of Inc for parcel ID 13103122 (4573156576)

850 Village Center Drive Aston Company was registered at this address. Three entities are associated with this address, including John Yanney, Craig Smith. Mark Mark linked to this address via UCC filing. The parcel owner name was listed as Breen Robert D + Susan I

760 Village Center Drive Eighteen companies were registered at this address, including Cappiello LLC, Gator State Property Management LLC. Two entities are associated with this address: John Yanney, Craig Smith, Canfora Joseph J, Gator State Holdings LLC. Ten names, including Mc Southern California LLC, Paul Green School of Rock Music Sfca LLC linked to this address via UCC filings

100 Tower Drive Eight companies were registered at this address, including Harvest Investments LTD Which Will Do Business In California As Harvest Investment Valuations LTD, Ketchmark & Associates INC. Four entities are associated with this address, including Verne Scazzero, Michael A Petrocelli. Milestone Equipment Company LLC linked to this address via UCC filing

All Addresses

This is a list of addresses in Burr Ridge with information about local companies or construction work going on there

Sources and Citations

This research uses data from The Eviction Lab at Princeton University, a project directed by Matthew Desmond and designed by Ashley Gromis, Lavar Edmonds, James Hendrickson, Katie
Krywokulski, Lillian Leung, and Adam Porton. The Eviction Lab is funded by the JPB, Gates, and Ford Foundations as well as the Chan Zuckerberg Initiative. More information is found at evictionlab.org

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